34 percent of workers plan to delay retirement

By BenefitsPro

By Paula Aven Gladych

Two-thirds of Americans say they are most concerned about their ability to afford retirement, according to a new survey by Deloitte.

More than one in three U.S. employees, or 34 percent, said they plan to delay retirement. This contrasts with other regions, including Europe, the Middle East and Africa where a triple dip recession looms. There, 16 percent of employees say they plan to delay retirement. In Asia, 17 percent say they will delay retirement.

“Calibrating talent and rewards strategies to meet generational expectations of extended employment is a step many employers and national governments should consider taking,” said Scott Cole, senior manager, Deloitte Consulting, and co-author of the report. “This can also be an astute retention strategy, particularly as employees across all regions indicate they will consider leaving their current employer for another that provides better benefits or more stability.”

The "Top Five Global Employer Rewards Priorities Survey" is jointly sponsored by Deloitte and the International Society of Certified Employee Benefit Specialists. The 2013 survey questioned international HR professionals about their top five priorities regarding talent and rewards management challenges. For this survey, 415 respondents were polled, representing 27 different countries across the Americas, EMEA and Asia-Pacific.